One of the biggest benefits to switching to EV driving is cost savings. But how does home charging help?
Switching to driving an electric vehicle not only helps the environment, but also your wallet. With the cost of electricity at an average 22.36p per kWh from the 1st of July 2024, these savings can add up significantly over time.
A typical EV needs around 72kWH to fully charge and can travel 3-4 miles per kWh. By investing in having an charging station at home, EV owners can take advantage of lower electricity rates, and maximise their efficiency. Between the convenience of being able to connect at home, and reducing reliance on more expensive public charging stations, the cost of the charging station can be balanced out relatively quickly.
With more and more energy providers offering a household tariff that includes an EV charging rate, it makes sense to have smart charging capabilities for your car. These savings can bring the cost of driving down to less than £10 per month with some energy providers for the average driver doing just under 7000 miles a year.
Unleaded - £1.43/litre (38.8mpg) | £1,103.00 |
Standard variable tariff - £22.36p/kWh (4miles/kWh) | £382.50 |
EV Specialised off-peak tariff 7p/kWh (4miles/kWh) | £119 |
Our Lemac Power chargers are compatible with the Intelligent Octopus Go tariff that can go as low as 7p/kWh, making it the smart choice to consider for your EV home charging. With any other provider that offers off-peak charging, simply use the Monta app to schedule your charging at the times where your pricing is best for you.
